M&A Deal Summary

Liberty Mutual Group Acquires State Auto Financial

On July 12, 2021, Liberty Mutual Group acquired insurance company State Auto Financial

Acquisition Highlights
  • This is Liberty Mutual Group’s 10th transaction in the Insurance sector.
  • This is Liberty Mutual Group’s 6th transaction in the United States.
  • This is Liberty Mutual Group’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2021-07-12
Target State Auto Financial
Sector Insurance
Buyer(s) Liberty Mutual Group
Deal Type Add-on Acquisition

Target

State Auto Financial

Columbus, Ohio, United States
State Auto Financial is a regional property and casualty insurance holding company that markets its insurance products throughout the United States, through independent insurance agencies, which include retail agencies and wholesale brokers. State Auto Financial was founded in 1990 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Liberty Mutual Group

Boston, Massachusetts, United States
Category Company
Founded 1912
Sector Insurance
Employees50,000
DESCRIPTION
Liberty Mutual office in Charlotte, North Carolina.
Liberty Mutual office in Charlotte, North Carolina.

Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 11
Sector (Insurance) 10 of 11
Type (Add-on Acquisition) 6 of 6
State (Ohio) 2 of 2
Country (United States) 6 of 6
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 AmTrust Financial Services - Global Surety & Credit Reinsurance Operations

New York, New York, United States

AmTrust Financial Services, Inc. - Global Surety & Credit Reinsurance Operations is a provider of insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 AmGeneral Insurance

Kuala Lumpur, Malaysia

AmGeneral Insurance is a motor and general insurance company with more than four million policyholders nationwide. The company generates business through a comprehensive range of general insurance solutions which are distributed through a wide-reaching network of customer service centres, agents and dealers, as well as through AmBank’s branches nationwide. AmGeneral Insurance is based in Kuala Lumpur, Malaysia.

Buy -
Mergr

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